Making the most of your retirement

Size: px
Start display at page:

Download "Making the most of your retirement"

Transcription

1 Making the most of your retirement A guide to equity release and our advice service Provided by

2 Contents Welcome from the Age UK Group 3 Do more with your retirement 4 What is equity release? 5 Is equity release right for you? 6 Different types of equity release 8 How UK property prices have changed 10 Imagine what you could do 11 Helpful, expert advice 12 How equity release has helped others 13 Frequently asked questions 14 Next steps 15 2 A guide to equity release and our advice service

3 Welcome from the Age UK Group We are delighted to introduce the Age UK Equity Release Advice Service, provided by Just Retirement Solutions Limited, one of the UK s leading equity release advisers and a group company of Just Retirement Group plc. This service will look at whether equity release is right for you and includes a free state benefits check, to make sure you re not missing out on anything you re entitled to. What s more, you ll have access to two equity release plans with exclusive features for the Age UK Group provided by Just Retirement Limited, a leading provider of equity release plans in the UK and a group company of the Just Retirement Group plc. These exclusive features include a refund of your valuation fee on completion and the ability to borrow smaller funds should you wish to release further cash from your property at a later date. Just Retirement Solutions helps people every day to improve their incomes in retirement, so we re confident you ll be in good hands. This guide which has been put together by Just Retirement Solutions, will help you in taking your first steps to finding out more about what equity release has to offer. A guide to equity release and our advice service 3

4 Do more with your retirement This guide provides you with the essential information you will need to decide for yourself whether or not equity release could be for you. If you have any questions, no matter how small, Just Retirement Solutions specialist team are here to help and you can call them Monday to Friday, 9am to 5pm on *. Retirement means different things to different people. For some it s a chance to relax and spend more time with family and friends. Others see it as a chance to take a holiday of a lifetime or pursue a hobby. Of course, when you stop earning you still have to pay your way which could mean you re facing the challenge of trying to make your income stretch to cover your living expenses. Your retirement should be the time when you have the freedom to do all the things you previously never had time for, without having to scrimp and scrape to find the money. Equity release could be the solution and help supplement your savings, so you can enjoy your retirement to the full. Equity release enables you to unlock some of the equity in your home whilst you still live there, turning it into tax-free cash. Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration. We understand that deciding whether equity release is right for you is a big decision. Your home is likely to be your biggest asset so you will want to make sure you have received the best possible advice. That s why Age UK have selected one of the UK s leading equity release advisers, Just Retirement Solutions Limited, to provide the Age UK Equity Release Advice Service. * Calls may be monitored and recorded for training purposes. 4 A guide to equity release and our advice service

5 What is equity release? Equity release is the process of unlocking some of the value or equity from your home whilst you still live there, turning it into tax-free cash. Equity is the value of your home, minus any outstanding mortgage or loan secured on it. Age UK customers use the money raised through equity release to make home improvements, provide gifts to family, clear their mortgage, take a holiday of a lifetime or to improve their retirement funds. With equity release you: could gain access to a tax-free cash lump sum that you can use for almost anything you like. can continue to live in the home you love for the rest of your life. don t have to repay any of the money borrowed or the interest on it until you die, your property is sold or you move into long-term care. have the option to guarantee an inheritance for loved ones. have the reassurance that any equity release products recommended by Just Retirement Solutions include a no negative equity guarantee which means that a debt can never be left with your estate, subject to the plan conditions being met. Equity release may not be right for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate. A guide to equity release and our advice service 5

6 Is equity release right for you? It s important to bear in mind that equity release is a lifelong commitment and there are questions you should ask yourself to help decide whether taking out a policy is right for you. Points to consider are: will your current level of income keep up with inflation? will the savings or investments you have meet future requirements such as long-term care? what would happen financially if you or your spouse became ill or died? could you leave behind cash for your family, and if so how much? A professional service with no pressure to buy Your decision to take out an equity release plan should not be taken lightly. After all, it will reduce the value of your estate and might affect your entitlement to state benefits. Your adviser can help you decide if it s right for you. If it s not a good idea for you, your adviser will clearly state the reasons why. If it s right for you, they ll provide you with a personalised illustration and recommend a plan. Your personalised illustration will show you exactly how much money you can expect to receive and will make all the features and risks clear. Your adviser will also fully review your state benefits, free of charge, to ensure you are claiming everything you are entitled to and to show you how equity release may affect your current entitlement. It s a family affair Just Retirement Solutions has helped thousands of people get to grips with equity release, and understands that family is very important. So they always encourage you to involve your family in the decision-making process. After all, releasing some of the equity from your home is a serious decision and will affect the amount that you may leave behind when you pass away. 6 A guide to equity release and our advice service

7 Are you eligible for equity release? Do you own and occupy a UK property of standard construction? Are you aged 55 or over (youngest applicant, if a couple)? Is your property worth at least 70,000? If you answered yes to these questions and want to know if equity release can help you, call Just Retirement Solutions on * today. Minimum age and property value varies between product providers *Calls may be monitored and recorded for training purposes. A guide to equity release and our advice service 7

8 Different types of equity release Lifetime mortgage A lifetime mortgage is a type of loan secured against your home. It allows you to release a cash lump sum from the value of your property. Some plans even allow you to take smaller amounts of money as and when you need it. You continue to own and live in the home you love and will benefit from any increase in its value. In addition, plans recommended by the Age UK Equity Release Advice Service come with a no negative equity guarantee; if house prices fall and the value of your loan exceeds the value of your home, you don t have to worry about leaving debts to your loved ones. With most lifetime mortgages, there are no regular payments to make and nothing has to be paid back until the end of the plan. This usually happens when the last plan holder living in the property dies or moves into long-term care. Advantages You receive a tax-free lump sum. You can live in the home you love for the rest of your life. You continue to have full ownership of your home and benefit from any increases in its value. No negative equity guarantee with lifetime mortgages recommended by Just Retirement Solutions. Considerations It will reduce the value of your estate. The debt will grow as interest is applied over the long-term. Early repayment charges may apply if you repay early. Your adviser will explain this in detail. If the value of your home falls, your remaining equity will also reduce, potentially impacting future drawdown amounts. Your entitlement to state benefits may be affected. This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. 8 A guide to equity release and our advice service

9 There are two main types of equity release: lifetime mortgages and home reversion plans. Home reversion plan Home reversion plans involve selling part, or all, of your property to a home reversion provider in return for a cash lump sum. Whilst all or part of your home will belong to someone else, you can remain living there for the rest of your life, rent-free. A home reversion plan is not a loan so there s no interest to pay. However, if your home increases in value, you will only benefit from the increase in value of the proportion you retain. When you die or move into long-term care, the property will be sold and the home reversion company receives its share of the proceeds. You should be aware that when you take out a plan you will normally receive less than the current market value of your home. This is because the reversion company who buys your home cannot sell it until you, or both of you if borrowing jointly, have died or move into permanent long-term care and need to protect themselves against any potential loss in value (if the housing market falls). Advantages You receive a tax-free lump sum. You can guarantee an inheritance for your children if you only sell part of your property s value. It s not a loan so there s no interest to pay. You can live in your home for the rest of your lifetime. You can usually release higher amounts than a lifetime mortgage. Considerations It will reduce the value of your estate. The home reversion company owns a share, or all, of your home. Home reversion plans cannot usually be repaid, as you are selling all or part of your home. Your entitlement to state benefits may be affected. This is a home reversion plan. To understand the features and risks, ask for a personalised illustration. A guide to equity release and our advice service 9

10 How UK property prices have changed House prices in the UK have increased significantly over the last few decades and these rises could mean that there is considerable equity tied up in your home. Do you remember the very first home you purchased possibly more than 40 years ago and how much it cost you? You may enjoy sharing this information with younger generations, especially when you consider in today s terms the cost of your first home may have been lower than the cost of a new car today (the average property price in 1970 was under 5,000). Even when you consider the changes over just the last 20 years, property prices are significantly higher than what they were in So you might be pleasantly surprised by how much equity you have in your home and how it could be the key to help you achieve a better retirement. Average UK house prices 200, , , , , ,000 50,000 51,633 71, Source: Nationwide House Price Index, December Prices used are all houses in UK, seasonally adjusted. 10 A guide to equity release and our advice service

11 Imagine what you could do There are many reasons why you may consider equity release and you can use the funds generated for almost anything you choose. Everybody s circumstances are different, but we ve found our customers most commonly use their funds to: Make home improvements From a new kitchen or bathroom to a new boiler or better insulation, the funds you release could help you update your home and make it as comfortable as possible. Clear mortgage or other debts Paying off outstanding debts such as credit cards, loans or a mortgage could help to reduce your monthly outgoings and make it easier for you to manage your day-to-day expenses. Think carefully before securing other debts against your home. Give family financial help or gifts You may want to see your family enjoy part of their inheritance by helping them out financially with setting up their own home, family holidays or perhaps a family wedding. Take a holiday of a lifetime We all love a good holiday, and without the constraints of working life your horizons from now on will be limited purely by your imagination. Buy a new car What you need from a car changes throughout your life and in retirement you may want to update your car to make it more suitable for your needs. A guide to equity release and our advice service 11

12 Helpful, expert advice With a decision as big as equity release, trust is always a big factor. That s one of the reasons why the Age UK Group have chosen Just Retirement Solutions as our equity release partner. Just Retirement Solutions have provided advice to thousands of people who have used the equity built up in their home to provide for a better retirement. They always treat customers fairly and honestly. In fact, they actively encourage customers to speak to their families and discuss all their options. All about personalised service Everyone is different, from current needs to future aspirations. This is why Just Retirement Solutions experienced advisers will always take the time to sit and discuss exactly what your requirements are, in order to come up with a plan that suits you. You can choose to do this either by phone or in person. A no-obligation advice service The service carries no-obligation and if, for any reason equity release isn t for you, your adviser will tell you clearly stating the reasons why and identifying other options. If you do not proceed there is no charge for providing you with advice. If you decide to take out a plan, there will be a fee of 675 for advice and arranging the equity release plan Just Retirement Solutions recommends. You will only be charged if you decide to take out a plan. 12 A guide to equity release and our advice service

13 How equity release has helped others Here are just a few examples of how others have used equity release to achieve their goals and enjoy retirement to the full. Equity Equity release allowed us to have funds available instead of scrimping and scraping to find money. To date we have replaced furniture, fixtures and fittings inside and outside our home and carried out maintenance work. We were dubious about equity release, but our adviser proved to us it would help us to have peace of mind and be more comfortable in our lives. The follow up service was first class with all information in writing. Mr and Mrs H, Wigan Release has made a real difference to our lives and has allowed us to fit a new kitchen, landscape our garden and buy a new bed. We were very impressed with the service and at how knowledgeable and friendly our adviser was. Mr and Mrs T, Wales A guide to equity release and our advice service 13

14 Frequently asked questions Will I still own my home? Yes, if you take out a lifetime mortgage, but with a home reversion plan, the provider you go through will own all or part of the property. With both products you will still be able to live in your home for the rest of your life. What can equity release be used for? A number of things, such as going on a holiday of a lifetime or making gifts to family. If you have an existing mortgage on your home, you would have to use the money you release to pay off the existing mortgage first, but then you would be free to spend it as you wish. The money you release is to help you add to your retirement and make it more comfortable. We suggest you discuss your needs with a Just Retirement Solutions adviser. Will I be able to move house? Generally yes, many plans can be transferred to a new home, provided your new property can act as acceptable security. With a lifetime mortgage, if you are moving to a property of lesser value you may have to repay some of the outstanding loan. What happens if my partner or I need long-term care? Long-term care should not affect the terms of your plan. Where the plan is in joint names and one of you leaves to go into long-term care the other can continue to live in your home. Remember though that the plan will normally end if you both go into long-term care. How much will it cost? With any mortgage, there are always costs and fees involved and it is exactly the same with equity release. If you decide to take out a plan, there will be a fee of 675 for advice and arranging an equity release plan that Just Retirement Solutions recommends. You will only be charged if you decide to take out a plan. Their advice carries no obligation. Additional fees such as valuation, arrangement and solicitors, fees will be payable and in some cases, can be added to the amount of funds you choose to release. 14 A guide to equity release and our advice service

15 Next steps As equity release is such a big decision, it is essential to take professional financial advice before moving ahead with an equity release plan. This is where speaking to an adviser through the Age UK Equity Release Advice Service can help. The four-step advice process is designed so that your adviser fully understands your financial situation and what you want to achieve. Step 1 Call * and one of Just Retirement Solutions specialist team will discuss your circumstances, review your eligibility, and, if appropriate, arrange an appointment for you to talk to an adviser either over the phone or in your home. Step 2 During your first appointment your adviser will discuss your goals and requirements, helping you to consider all the options, look at alternatives and answer your questions. They will help you see whether equity release is right for you. In addition they will look at all the benefits, if any, you are currently claiming to make sure you re not missing out on any that you might be entitled to. Step 3 At a second appointment, your adviser will present recommendations to you and advise you on whether taking out equity release will adversely affect your tax status or state benefit entitlement. At this stage, if you feel comfortable and want to proceed, they will help you to complete your application. This will be sent to your chosen provider who will arrange a valuation to be made on your property. Step 4 Your provider will issue your offer directly to you, and once the legal paperwork is complete, your funds will be released. After you receive your monies, Just Retirement Solutions will follow up with you to make sure that everything is okay. * Calls may be monitored and recorded for training purposes. A guide to equity release and our advice service 15

16 Information and advice you need to help you love later life. To arrange an appointment or find out more contact the Age UK Equity Release Advice Service today on * or Lines are open between 9am to 5pm, Monday to Friday (excluding bank holidays). *If you call the 08 number, you will be dealing with Just Retirement Solutions Limited, which provides the Age UK Equity Release Advice Service. The call centre opening hours are 9am-5pm, Monday - Friday. Calls may be monitored and recorded for training purposes. The Age UK Equity Release Advice Service is provided by Just Retirement Solutions Limited. The product with exclusive features is provided by Just Retirement Limited. Both are registered to the office address, Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Just Retirement Solutions Limited is registered in England no Just Retirement Limited is registered in England no Just Retirement Solutions Limited is authorised and regulated by the Financial Conduct Authority. Just Retirement Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Age UK Enterprises Limited (part of the Age UK Group) is a commercial services arm of Age UK (charity no ) which donates its net profits to the charity. The Age UK network includes Age Cymru, Age NI, Age Scotland and Age UK. Registered in England and Wales no Registered office: Tavis House, 1-6 Tavistock Square, London WC1H 9NA. Age UK Enterprises Limited receive commission from Just Retirement Solutions Limited of up to 0.75% of the amount advanced under each equity release plan sold together with a contribution towards marketing support. Net profits raised by Age UK Enterprises Limited from commission are donated to Age UK the Charity /2015

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

Your guide to. Equity Release. with no obligation

Your guide to. Equity Release. with no obligation Your guide to Equity Release Expert advice with no obligation Your introduction to equity release Your retirement should give you the freedom to do all the things in life you haven t had time for. However,

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has enabled me to go on more holidays, purchase a new car and make some major household purchases. The service provided met our financial needs in an efficient and helpful way. John, Sutton

More information

Your Guide to Equity Release

Your Guide to Equity Release Equity release has provided me with financial stability. I now have the opportunity to help my family, go on holiday, and make some home improvements. Mr W, East Sussex Your Guide to Equity Release Contents

More information

A Guide to Releasing Capital from your Home

A Guide to Releasing Capital from your Home Advice for older people A Guide to Releasing Capital from your Home Advice provided by Advice for older people FirstStop Advice brings together the expertise of some of the most trusted and respected organisations

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

All you need to know about equity release

All you need to know about equity release All you need to know about equity release The Age UK Equity Release Advice Service is provided by Just Retirement Solutions Limited. Registered office: Vale House, Roebuck Close, Bancroft Road, Reigate,

More information

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender

A simple guide to getting more from your future with. Aviva Equity Release. Best Equity Release Lender A simple guide to getting more from your future with Aviva Equity Release Best Equity Release Lender J4602_PF011120_1015.indd 1 09/10/15 8:06 pm Contents An introduction to Aviva Equity Release What is

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

Everything you need to know about equity release.

Everything you need to know about equity release. Everything you need to know about equity release. An informative guide from the equity release specialists Welcome to the Retiredom guide to equity release. Equity release has come a long way since regulation

More information

A guide to equity release

A guide to equity release Enjoying financial freedom in retirement: Enjoying financial freedom in retirement: A guide to equity release A guide to equity release Many people see equity release as a way to ensure a comfortable retirement.

More information

EQUITY RELEASE GUIDE. Everything you need to know about equity release.

EQUITY RELEASE GUIDE. Everything you need to know about equity release. EQUITY RELEASE GUIDE Everything you need to know about equity release. An informative guide from the equity release specialists The informative guide to equity release... Equity release has come a long

More information

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co.

Equity Release Guide. Helping you make the right decision. nationwide service all lenders available personal visits. www.therightequityrelease.co. Equity Release Guide 0800 612 5749 www.therightequityrelease.co.uk Helping you make the right decision nationwide service all lenders available personal visits 1 Welcome to The Right Equity Release Who

More information

The Saga Guide to Paying for Care

The Saga Guide to Paying for Care The Saga Guide to Paying for Care Welcome An active and secure retirement is something we like to think we re all entitled to and we find it hard to imagine a time beyond that, when we may need care from

More information

Your essential guide to equity release. from the UK s No. 1 specialist

Your essential guide to equity release. from the UK s No. 1 specialist Your essential guide to equity release from the UK s No. 1 specialist What is equity release? 03 03 04 05 06 07 08 09 10 15 Contents What is equity release? How could equity release help you? Why choose

More information

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Lifetime Mortgages Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Using the value in your home for a better retirement Just Retirement s Lifetime Mortgages Who are we? Just Retirement Limited

More information

Your essential guide to equity release. from the UK s No. 1 specialist

Your essential guide to equity release. from the UK s No. 1 specialist Your essential guide to equity release from the UK s No. 1 specialist 03 03 04 05 06 07 08 09 10 15 Contents What is equity release? How could equity release help you? Why choose Key Retirement? Mr & Mrs

More information

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release.

THE RESPONSIBLE EQUITY RELEASE GUIDE. Everything you need to know about equity release. THE RESPONSIBLE EQUITY RELEASE GUIDE Everything you need to know about. An informative guide from the specialists Welcome to the Responsible guide to. Equity release has come a long way since regulation

More information

A Guide to Equity Release in Retirement

A Guide to Equity Release in Retirement A Guide to Equity Release in Retirement 1. Introduction For the retirement you deserve 2. What is Equity Release? 3. Equity Release Plans The options available to you 4. The Application Process 5. Questions

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

Release your equity tied up in your home Equity Release

Release your equity tied up in your home Equity Release Golden Age Equity brochure 14/8/07 14:58 Page 1 Because it,s your life Totally independent professional advice: Release your equity tied up in your home Equity Release Retirement planning Financial planning

More information

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home

Our Home Reversion Plan. Enjoy your retirement by unlocking the value of your home Our Home Reversion Plan Enjoy your retirement by unlocking the value of your home I can now have the garden I ve always wanted. 1 Bridgewater Equity Release Limited the Home Reversion Plan experts Bridgewater

More information

Use your home to your advantage. A guide to equity release

Use your home to your advantage. A guide to equity release Use your home to your advantage A guide to equity release 2 A guide to equity release Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a wellestablished company

More information

With new options available from April 2015, we can help you plan your finances for a worry-free retirement

With new options available from April 2015, we can help you plan your finances for a worry-free retirement Your retirement With new options available from April 2015, we can help you plan your finances for a worry-free retirement Life is full of financial decisions and planning your retirement is one of the

More information

Equity Release. A guide to our Lifetime Mortgage products

Equity Release. A guide to our Lifetime Mortgage products Equity Release A guide to our Lifetime Mortgage products Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace its roots back

More information

Equity Release Guide. www.seniorissues.co.uk

Equity Release Guide. www.seniorissues.co.uk Equity Release Guide www.seniorissues.co.uk For more information or to speak to one of our trained advisers please telephone our Senior Issues Team on 0845 855 4411 The Caesar & Howie Group 7/3/2008 EQUITY

More information

Equity Release Guide

Equity Release Guide A Refreshing Approach to Equity Release Equity Release Guide Are you thinking of Equity Release? Choose The Right Equity Release Nationwide Service All Lenders Available Personal Visits What is Equity

More information

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985

CAVENDISH EQUITY RELEASE. The Essential Guide. Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 CAVENDISH Equity Release TRUSTED & IMPARTIAL ADVICE SINCE 1985 EQUITY RELEASE The Essential Guide INDEX Welcome to Cavendish Equity Release 3 How can Equity Release be used? 4 Why is specialist advice

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release Find out how you could unlock cash from your home in association with One of the Yours guides designed to The Guide to Equity Release in association with 1 help you make the most

More information

Equity Release your essential guide

Equity Release your essential guide Equity Release your essential guide Welcome This guide has been put together to explain equity release, what it means and the options it can offer. We aim to give you as broad an overview as possible and

More information

For a free consultation call freephone. or visit www.responsible.org.uk

For a free consultation call freephone. or visit www.responsible.org.uk Responsible Guide To Equity Release How to release equity (and release it intelligently) Around 2m people over the age of 50 will rely on their property, not a pension, to pay for their retirement - Beck

More information

The Saga Guide to Paying for Care

The Saga Guide to Paying for Care The Saga Guide to Paying for Care Welcome An active and secure retirement is something we like to think we re all entitled to and we find it hard to imagine a time beyond that, when we may need care from

More information

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904

largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What

More information

Our Enhanced Lifetime Mortgages Explained

Our Enhanced Lifetime Mortgages Explained Our Enhanced Lifetime Mortgages Explained Contents Make the very best of life..........................................2 About more 2 life and the enhanced lifetime mortgage plans............3 - The plan

More information

ALL YOU NEED TO KNOW.

ALL YOU NEED TO KNOW. LIFETIME MORTGAGE LIFETIME MORTGAGES ALL YOU NEED TO KNOW 1 ALL YOU NEED TO KNOW. 2 LIFETIME MORTGAGES ALL YOU NEED TO KNOW CONTENTS 1. IntrODUCTION 2. AbOUT lifetime mortgages 3. FeaturES of our lifetime

More information

Helping your loved ones. Simple steps to providing for your family and friends

Helping your loved ones. Simple steps to providing for your family and friends Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 04 Do you know how much you re worth? 06 Making lifetime

More information

A guide for customers

A guide for customers Pension Annuity A guide for customers Guaranteed income for life Pension Annuity If you re thinking... I want a secure income that is guaranteed to be paid for life, and I m not in the best of health.

More information

Helping your clients through retirement think house, think equity release

Helping your clients through retirement think house, think equity release For For financial intermediary use use only. only Not approved for use with customers. Helping your clients through retirement think house, think equity release Not qualified? Referrals - The Right Way

More information

Retirement. Providing solutions for your future

Retirement. Providing solutions for your future Retirement Providing solutions for your future ,,,, We firmly believe that retirement is a time to enjoy the rewards of your lifes hard work and having access to the funds to turn your ideas and dreams

More information

A guide to releasing tax-free cash from your home. Age. Partnership. R e t i r e m e n t S p e c i a l i s t s

A guide to releasing tax-free cash from your home. Age. Partnership. R e t i r e m e n t S p e c i a l i s t s A guide to releasing tax-free cash from your home With equity release you can release tax-free money from your home with no monthly repayments to make. Thank you for your enquiry Thank you very much for

More information

Equity Release An easy to understand guide just for you

Equity Release An easy to understand guide just for you TRuE BEARing ChARTEREd e Right direction for Financial Advice Equity Release An easy to understand guide just for you True Bearing Chartered 2 Buckshaw Court, East Terrace Business Park Euxton Lane, Euxton,

More information

Welcome to. OneFamily

Welcome to. OneFamily OneFamily Lifetime Mortgages 1 Welcome to OneFamily Welcome to our OneFamily Lifetime Mortgages. This brochure acts as an easyto-digest introduction to lifetime mortgages and provides you with a summary

More information

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives?

Is equity release the right choice for you? Protecting yourself If it isn t right for you, what are the alternatives? Buyer s Guide : Content Page 1: What is equity release? Page 2: Is equity release the right choice for you? Page 3: Protecting yourself If it isn t right for you, what are the alternatives? Page 4: Lifetime

More information

Council of Mortgage Lenders Equity release leaflet unlocking the value of your home

Council of Mortgage Lenders Equity release leaflet unlocking the value of your home Council of Mortgage Lenders Equity release leaflet unlocking the value of your home What is equity release? Equity is the difference between any mortgage you may have and the value of your home. Equity

More information

Equity release. Money matters. Deciding whether equity release is right for you. AgeUKIL6

Equity release. Money matters. Deciding whether equity release is right for you. AgeUKIL6 Equity release Deciding whether equity release is right for you Money matters AgeUKIL6 Information and advice you need to help you love later life. We re Age UK and our goal is to enable older people across

More information

Lump Sum Lifetime Mortgage Product Summary

Lump Sum Lifetime Mortgage Product Summary Lump Sum Lifetime Mortgage Product Summary This document is intended to provide you with an introduction to our Lump Sum Lifetime Mortgage. Aims The lump sum lifetime mortgage provides you with a cash

More information

EQUITY LOAN HOME STAY WHERE YOU BELONG. Seniors Finance

EQUITY LOAN HOME STAY WHERE YOU BELONG. Seniors Finance STAY WHERE YOU BELONG. HOME EQUITY LOAN Seniors Finance Welcome If you want the financial freedom to spend your retirement how you choose with independence and peace of mind knowing that unexpected costs

More information

Changing the shape of British retirement. www.homewise.co.uk

Changing the shape of British retirement. www.homewise.co.uk Changing the shape of British retirement Free Phone 0800 043 33 66 About us Welcome to Homewise Like many people, you may have spent years looking forward to a dream retirement lifestyle, perhaps wanting

More information

EQUITY LOAN HOME HOWDO WE STAY IN OUR FAMILY HOME?

EQUITY LOAN HOME HOWDO WE STAY IN OUR FAMILY HOME? HOWDO WE STAY IN OUR FAMILY HOME? HOME EQUITY LOAN Welcome If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us. A Heartland Home

More information

C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h

C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h R E V E R S E M O R T G A G E S E R V I C E S C o n v e r t i n g Y o u r H o m e s E q u i t y i n t o C a s h 2010 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 6-10 From your

More information

Your Home s Equity Can Give Retirement Life a Boost. 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13

Your Home s Equity Can Give Retirement Life a Boost. 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13 R E V E R S E M O R T G A G E S O L U T I O N S Your Home s Equity Can Give Retirement Life a Boost 2013 Wilmington Savings Fund Society, FSB Member FDIC All Rights Reserved 015 1-13 From your first savings

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release By Mel Wright Telegraph money Command= The right of Mel Wright to be identified as the author of this work has been asserted by her in accordance with the Copyright, Designs and

More information

Equity release is one of the easiest ways to access capital without having to move out of your home.

Equity release is one of the easiest ways to access capital without having to move out of your home. 1 Equity Release Equity release is a way of taking cash from your home without having to move out of your property or sell it. If you are a homeowner and aged 55 or over, you could release a tax-free lump

More information

Guide to Equity Release

Guide to Equity Release Guide to Equity Release in association with One of the Yours guides designed to The Guide to Equity Release in association with 1 help you make the most of your life Contents Why equity release? 4 Getting

More information

Key Annuities Features of the Just Retirement

Key Annuities Features of the Just Retirement Key Annuities Features of the Just Retirement Make Fixed Term your retirement Annuity income the best it can possibly be This brochure outlines the key features of the Just Retirement Fixed Term Annuity.

More information

IT S MORTGAGE REVERSE A SIGN OF THE TIMES

IT S MORTGAGE REVERSE A SIGN OF THE TIMES IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.

More information

Equity Release. A Guide to Equity Release

Equity Release. A Guide to Equity Release Equity Release A Guide to Equity Release Why NHFA Equity Release Service? At NHFA we will always give you an honest assessment of the financial products available, talk you through all the small print

More information

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need

Customer Guide. to lifetime mortgages. more 2 choose a range of lifetime mortgage plans to suit every need Customer Guide to lifetime mortgages more 2 choose a range of lifetime mortgage plans to suit every need From one of the UK s largest retirement lending specialists Please speak to your adviser for further

More information

EQUITY HOME. HowDO. we stay in. our family. home?

EQUITY HOME. HowDO. we stay in. our family. home? HowDO we stay in our family home? HOME EQUITY loan Welcome If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us. A Heartland Home

More information

IT S MORTGAGE REVERSE A SIGN OF THE TIMES

IT S MORTGAGE REVERSE A SIGN OF THE TIMES IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.

More information

IT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist

IT S LIFETIME LOAN A SIGN OF THE TIMES AUSTRALIAN SENIORS FINANCE. The Home Equity Release Specialist IT S A SIGN OF THE TIMES LIFETIME LOAN AUSTRALIAN SENIORS FINANCE The Home Equity Release Specialist UNLOCK THE IN YOUR EQUITY HOME If you want the financial freedom to spend your retirement how you choose,

More information

Is a Reverse Mortgage. the right answer for you or a loved one? Get the facts.

Is a Reverse Mortgage. the right answer for you or a loved one? Get the facts. Is a Reverse Mortgage the right answer for you or a loved one? Get the facts. H ome is a special place. Whether it s been in your family for generations or you ve lived there only for a short time, you

More information

Talk to us first... Equity Release. Mortgages & Finance. Investments, Pensions & Personal Protection

Talk to us first... Equity Release. Mortgages & Finance. Investments, Pensions & Personal Protection Talk to us first... Mortgages & Finance Equity Release Investments, Pensions & Personal Protection Why talk to? As Independent Financial Advisers we will work closely with you to help plan your finances

More information

Reverse Mortgage. That s what we re here for. Financial freedom to do the things you ve always wanted. Here for good.

Reverse Mortgage. That s what we re here for. Financial freedom to do the things you ve always wanted. Here for good. Reverse Mortgage Financial freedom to do the things you ve always wanted That s what we re here for. Here for good. Contents 2 The freedom of a Reverse Mortgage 3 Product overview 4 About Reverse Mortgages

More information

Your Guide to Equity Release / Lifetime Mortgages

Your Guide to Equity Release / Lifetime Mortgages Palmer & Webb Associates Your Guide to Equity Release / Lifetime Mortgages FREE Initial Consultation Palmer & Webb Associates is a trading style of Blueprint Southwest Ltd who are an appointed representative

More information

First Time Buyers. A guide to owning your first home

First Time Buyers. A guide to owning your first home First Time Buyers A guide to owning your first home Helping you to get on the property ladder Fed up living with others? Been dreaming of owning your own home? If the answer is yes, then take a look at

More information

An Introducers Guide to Equity Release

An Introducers Guide to Equity Release Ensuring your clients choose the right equity release An Introducers Guide to Equity Release Uncapped commission split earn an average referral fee of 1000 per case Protect your business against complaints,

More information

Keeping up with mortgage repayments

Keeping up with mortgage repayments Keeping up with mortgage repayments This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you

More information

Chadwick s. Equity Release

Chadwick s. Equity Release c Independent Chadwick s Financial Advisers Equity Release Contents Chadwick s IFA Page 4 Equity Release Page 5 Lifetime Mortgages Page 6 Home Reversion Schemes Page 7 Considerations Pages 8&9 Safe Guards

More information

In association with Key Retirement THE COMPLETE GUIDE TO. equity release

In association with Key Retirement THE COMPLETE GUIDE TO. equity release In association with Key Retirement THE COMPLETE GUIDE TO equity release CONTENTS 1 EQUITY RELEASE AN INTRODUCTION 2 RON AND WENDY S STORY 3 WHAT TO CONSIDER 4 YOUR FAMILY 5 GETTING TO KNOW THE PLANS 6

More information

Retirement Mortgage Product summary

Retirement Mortgage Product summary Retirement Mortgage Product summary The Retirement Mortgage from Hodge Lifetime provides you with a flexible way to borrow money in retirement. A legal charge is secured on your home. AIMS The Retirement

More information

A guide to inheritance tax

A guide to inheritance tax Sept 2014 Contents: 1. Understanding inheritance tax page 02 more 2. Should I be worried about inheritance tax? page 03 more 3. Inheritance tax planning page 05 more 4. Using gifts page 07 more 5. Using

More information

Understanding tax. A guide to putting your tax matters in order 2015-16

Understanding tax. A guide to putting your tax matters in order 2015-16 A guide to putting your tax matters in order 2015-16 Introduction If you re ill or caring for someone who is, you may need to put your financial matters in order. This booklet explains how to handle your

More information

An Introducers Guide to Equity Release

An Introducers Guide to Equity Release Ensuring your clients choose the right equity release An Introducers Guide to Equity Release Uncapped commission split earn an average referral fee of 1000 per case The culture of our business: We are

More information

Pathways Shared Equity Loan

Pathways Shared Equity Loan Department of Housing and Public Works Pathways Shared Equity Loan Become a home owner by purchasing a share of the property you are renting Questions and Answers Booklet Great state. Great opportunity.

More information

CompareEquityRelease.com. Your Guide To Equity Release

CompareEquityRelease.com. Your Guide To Equity Release CompareEquityRelease.com Your Guide To Equity Release C ontents About this guide 3 Let s talk money 4 The options 5 What is equity release? 13 How does equity release work? 14 Which type of scheme is best?

More information

Equity release. A guide for those considering unlocking the value in their home

Equity release. A guide for those considering unlocking the value in their home Equity release A guide for those considering unlocking the value in their home Purpose Equity release is a big decision that will affect the rest of your life. It will mean giving up full control over

More information

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

Introducing equity release

Introducing equity release Introducing equity release Equity release refers to a range of products that let your clients access the cash tied up in their homes. The equity release market has seen low interest rates, a rise in property

More information

Life and protection insurance explained

Life and protection insurance explained protection? Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If

More information

LIFETIME MORTGAGE LUMP SUM

LIFETIME MORTGAGE LUMP SUM LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 4) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank

More information

LIFETIME MORTGAGE LUMP SUM

LIFETIME MORTGAGE LUMP SUM LIFETIME MORTGAGE LUMP SUM Terms and Conditions (version 5) This is an important document. Please keep it in a safe place. LV= Lifetime Mortgage lump sum Terms and Conditions Welcome to LV=, and thank

More information

The pension freedoms are one of the

The pension freedoms are one of the PARLIAMENTHILLMONEYTALK The personal finance newsletter for Parliament Hill member organisations published by Lighthouse Financial Advice AUTUMN 2015 How to reduce tax on your pension and other assets

More information

ReverseMortgages.com, Inc. A Guide to Reverse Mortgages

ReverseMortgages.com, Inc. A Guide to Reverse Mortgages ReverseMortgages.com, Inc. A Guide to Reverse Mortgages Table of of Contents Introduction Introduction Our Commitment to You Is a Reverse Mortgage Right for You? Getting Your Reverse Mortgage: Questions

More information

Your. By harvey jones. In association with

Your. By harvey jones. In association with Your Equity Release Guide By harvey jones In association with CONTENTS Introduction... 5 What is equity release?... 8 How does equity release work?... 12 i. Lifetime mortgage plans... 12 ii. Drawdown lifetime

More information

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY.

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY. 1 MORE THAN A MEMORY. Put what you can in place for those you care about. Whether it s to help contribute towards the costs of your funeral, or simply as a gift that could help make a difference to your

More information

Buying a pension annuity

Buying a pension annuity Buying a pension annuity Why do I need to think about buying a pension annuity? When you come to retire, you will have some important decisions to make. Probably most important of all is how you will generate

More information

Your guide to protecting yourself and your loved ones with Aviva

Your guide to protecting yourself and your loved ones with Aviva Your guide to protecting yourself and your loved ones with Aviva Protect what matters most What s the most precious thing in the world to you? There s really only one answer to that the people who are

More information

Live the life you ve earned

Live the life you ve earned Keep in touch. Drop in to any ASB branch Call 0800 803 806 Visit asb.co.nz/homeplus Visit us at facebook.com/asbbank Follow us on twitter.com/asbbank Live the life you ve earned Your guide to HomePlus

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

Proposed Information Statement Reverse Mortgage. Things you should know about your reverse mortgage

Proposed Information Statement Reverse Mortgage. Things you should know about your reverse mortgage Page 1 of 7 Proposed Information Statement Reverse Mortgage Things you should know about your reverse mortgage This statement is provided to you because reverse mortgages operate differently to other credit

More information

KEY FEATURES. SELECT PORTFOLIO BOND (WEALTH MANAGERS) This is an important document. Please keep it safe for future reference.

KEY FEATURES. SELECT PORTFOLIO BOND (WEALTH MANAGERS) This is an important document. Please keep it safe for future reference. SELECT PORTFOLIO BOND (WEALTH MANAGERS) KEY FEATURES. This is an important document. Please keep it safe for future reference. LEGAL & GENERAL SELECT PORTFOLIO BOND 2 SELECT PORTFOLIO BOND (WEALTH MANAGERS)

More information

Are you or your parents thinking about taking out an Equity Release product?

Are you or your parents thinking about taking out an Equity Release product? Equity Release Are you or your parents thinking about taking out an Equity Release product? Why take out an equity release plan? So what is an Equity Release plan? Who can take out an Equity Release Scheme?

More information

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents Pension Annuity Key Features This brochure outlines the key features of the Just Retirement Pension Annuity. The Financial Conduct Authority is a financial services regulator. It requires us, Just Retirement,

More information

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents

Key Features. Pension Annuity. This brochure outlines the key features of the Just Retirement Pension Annuity. Contents Pension Annuity Key Features This brochure outlines the key features of the Just Retirement Pension Annuity. The Financial Conduct Authority is a financial services regulator. It requires us, Just Retirement,

More information

OCTOPUS EVERYTHING YOU NEED TO KNOW ABOUT INHERITANCE TAX

OCTOPUS EVERYTHING YOU NEED TO KNOW ABOUT INHERITANCE TAX OCTOPUS EVERYTHING YOU NEED TO KNOW ABOUT INHERITANCE TAX CONTENTS Understanding inheritance tax 3 Should I be worried about inheritance tax? 4 Inheritance tax planning 6 Using gifts 8 Using trusts 10

More information

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage

Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage For financial advisers only. Not approved for use with customers. Lifetime Mortgages Roll-up Lifetime Mortgage Lump Sum Plus Lifetime Mortgage Technical guide for financial advisers Using the value of

More information

Your mini guide to financial planning in later life

Your mini guide to financial planning in later life Your mini guide to financial planning in later life Introduction To really enjoy later life, a little financial planning and wise money management will help enormously. It will mean that you can put money

More information

Wills, Lasting Power of Attorney etc etc

Wills, Lasting Power of Attorney etc etc Wills, Lasting Power of Attorney etc etc Martyn Burgess Independent Financial Advisor In Association with John Emptage of Bright Solicitors Welcome Welcome to Leech & Burgess IFA LLP Independent Financial

More information

Key Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity

Key Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity Key Features of the Just Retirement Fixed Term Annuity This brochure outlines the key features of the Just Retirement Fixed Term Annuity. The Financial Conduct Authority is a financial services regulator.

More information